It would seem that the banking institutions of The United Kingdom continue to adversely affect the housing market within the country.

Mortgages are still not at a level that is needed to ensure that the housing market escapes a double dip. Indeed, the UK’s top lender (The Halifax) has more or less now admitted that this second decline is going to happen.

This news comes after a huge 3.6% decline was recorded in the housing market last month. Read the rest of this entry

This week, Timothy Geithner , US Treasury Secretary finally started to admit, albeit obliquely, that the long overdue restructuring of the global economy, and China’s role in it, may be just around the corner.

He made the observation that it’s not just the leading Western currencies that are playing the devaluation game. The elephant in the room is a big one – China.

And it’s alleged currency manipulation threatens to be the biggest game changer in the upcoming forex ‘world war’. Read the rest of this entry

It’s not often that the currency market news is seen outside the business section, but this week has seen forex trading leap out onto the front pages.

Global notables, such as Timothy Geithner, the US Treasury Secretary and International Monetary Fund (IMF) managing director, Dominique Strauss-Kahnweigh have weighed their oars in, on what was, until now, something of a back-room boys debate.

Now that it is in the open and has been suitably dubbed ‘Currency Wars‘, media attention is sure to be frenzied (until the next big thing). But more importantly, is an outbreak of hostilities imminent in the currency bourses of the world? And can you place yourself to take advantage? Read the rest of this entry